Okla. Stat. tit. 68, § 68-3507: Incentive payments - Deposit - Use - Investment - Audits

- Unused assets.

A. A political subdivision receiving an incentive payment

pursuant to the provisions of this act shall deposit such payment in

a separate fund and shall not be permitted to use such monies for

any purpose other than payment of expenses associated with a

qualified federal facility.

A political subdivision shall be permitted to invest the monies

accruing to such fund in such manner as is authorized by law for

investment of other monies of the political subdivision; provided,

the interest earned from such investments shall be deposited to the

fund and shall be used solely for payment of expenses associated

with a qualified federal facility.

B. A political subdivision receiving an incentive payment

pursuant to the provisions of this act shall annually cause an

independent financial audit of such fund to be made and shall submit

such audit to the Department of Commerce, the Oklahoma Tax

Commission, and the State Auditor and Inspector. The State Auditor

and Inspector shall review such audit and report his findings to the

Governor, the President Pro Tempore of the Senate and the Speaker of

the House of Representatives.

C. At the end of the project term or at the end of the period

of time for which the qualified federal facility is leased or

conveyed to the government of the United States, whichever is later,

any assets of the qualified federal facility owned by the political

subdivision, including, but not limited to any property or any

monies remaining in the fund created pursuant to the provisions of

subsection A of this section, shall be disposed of between the

political subdivision and the state according to the proportions of

funding provided by the state through incentive payments authorized

by this act and funding provided by the political subdivision.